Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Kenosha County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $169,465 | $176,921 | $242,182 |
| Price Trend (Annual %) | 6.1% | 5.3% | 8.2% |
| Median Gross Rent | $1,174 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 4.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kenosha County is about 4% lower than in Wisconsin. Rent is about 12% higher than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Kenosha County, up about 6.1% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Kenosha County rose about 37.1% between 2015 and 2023, from $856 to $1,174. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Kenosha County.
Buying the median-priced home in Kenosha County costs roughly 12.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Kenosha County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Kenosha County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $169,465 | $176,921 | $242,182 |
| Median Household Income | $79,826 | $75,766 | $78,145 |
| Price-to-Income Ratio | 2.1 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kenosha County rose about 38.2%, while median household income rose about 44.1% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Kenosha County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.8% | 60.4% | 58.2% |
| Rental Rate | 30.0% | 28.6% | 31.3% |
| Vacancy Rate | 7.2% | 11.1% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Kenosha County has a homeownership rate of 62.8%, higher than the Wisconsin average of 60.4%. Its housing vacancy rate is 7.2%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Kenosha County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1974 | 1973 | 1978 |
| Median Number of Rooms | 5.5 | 5.6 | 5.5 |
The typical housing unit in Kenosha County was built around 1974. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kenosha County, Wisconsin.
What is the median home price in Kenosha County, Wisconsin?
The median home price in Kenosha County, Wisconsin is $169,465, lower than the Wisconsin average of $176,921.
What is the average home price in Kenosha County, Wisconsin?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Kenosha County, Wisconsin?
The median gross rent in Kenosha County, Wisconsin is $1,174 per month, higher than the Wisconsin average of $1,045.
What was the median gross rent in Kenosha County in 2020?
In 2020, the median gross rent in Kenosha County, Wisconsin was $938 per month.
What is the price-to-rent ratio in Kenosha County, Wisconsin?
The price-to-rent ratio in Kenosha County, Wisconsin is about 12.0, meaning it would take roughly 12.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Kenosha County.
Are home prices or rent rising faster in Kenosha County, Wisconsin?
Both home prices and rent are rising in Kenosha County, up about 6.1% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kenosha County, Wisconsin?
62.8% of households in Kenosha County, Wisconsin own their home, higher than the Wisconsin average of 60.4%.
What is the vacancy rate in Kenosha County, Wisconsin?
The housing vacancy rate in Kenosha County, Wisconsin is 7.2%, lower than the Wisconsin average of 11.1%.